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Pie Corporation acqulred 7 5 percent of Slice Company's common stock on December 3 1 , 2 0 X 5 , at underlyling book value.

Pie Corporation acqulred 75 percent of Slice Company's common stock on December 31,20X5, at underlyling book value. The book
values and falr values of Slice's assets and liabilitles were equal, and the falr value of the noncontrolling interest was equal to 25
percent of the total book value of Slice. Slice provided the following trlal balance data at December 31,20X5:
Required:
a. How much did Ple pay to purchase Its shares of Slice?
Note: Round your answer to nearest whole dollar amount.
b. If consolidated financial statements are prepared at December 31,20X5, what amount will be assigned to the noncontrolling
Interest In the consolidated balance sheet?
Note: Round your answer to nearest whole dollar amount.
c. If Ple reported Income of $141,500 from its separate operations for 205, what amount of consolidated net income will be reported
for 205?
d. If Ple had purchased its ownership of Slice on January 1,20X5, at underlying book value and Ple reported Income of $141,500 from
Its separate operations for 205, what amount of consolidated net income would be reported for 205?
Answer is complete but not entirely correct.
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